Unregulated UK property finance
Bridging Finance for Unmortgageable Property
Short-term funding where condition or title prevents a conventional mortgage
A property may be unacceptable to a conventional mortgage lender because of its condition, construction, lease, utilities or title. A bridge may provide time to resolve the issue before sale or longer-term refinance.
Common property issues
- No working kitchen or bathroom
- Structural defects or substantial disrepair
- Short leases or title complications
- Non-standard construction
- Incomplete conversion or refurbishment
How Sterling helps
We review the current condition, proposed works, costs, borrower experience, valuation and intended exit. We then approach UK lenders whose criteria may fit the asset and plan.
Plan the works and exit
The schedule, permissions, budget, contingency and route to sale or refinance must be credible. A future mortgage should never be assumed without checking likely eligibility.
Discuss an unmortgageable property
Send the property details, defects, works plan, costs, amount, deadline and intended exit for an initial review.
Common Questions
Potentially, depending on the property, valuation, works plan, borrower experience, security and exit.
Possibly. The structure depends on the lender, works, valuations, drawdown requirements and borrower resources.
Potentially, but the remaining term, extension route, cost, legal position and exit will be important.
Common routes are sale or a suitable longer-term refinance after the property meets the next lender criteria.